Adding to global economic uncertainties, oil prices rose about 5 percent on Monday after Saudi Arabia and other major producers announced a surprise cut in...

Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.

Saudi Arabia’s national oil company earned $161 billion last year, a nearly 50 percent jump over 2021, and said demand for oil would continue.

Russia’s deputy prime minister said the country would reduce its oil production by about 5 percent to counter Western sanctions.

The company said global concerns about energy security prompted the change, as it reported record profits for 2022.

The record haul, pushed by high energy prices and a hunger for liquefied natural gas, came as a new chief signaled a more “balanced approach”...

The coming ban on Russian exports of refined oil products could strain energy markets and crimp Russia’s output.

The failure of Britishvolt is a blow to Britain’s plans to promote the manufacture of electric cars, and threatens the future of its automotive industry.

The state-owned mining company announced it had found Europe’s largest deposit of the vital minerals used in electric vehicles and other green technology.

More than 110 miles above earth, the rocket’s second-stage engine prematurely shut down before entering orbit, causing the loss of nine satellites.